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The Martkdaten were provided by HitBTC exchange market.
After a period of relatively quiet trading, there were a number of negative news for the crypto markets. The International monetary Fund (IMF) has increase skeptical about the price and the popularity of the digital currencies. In its latest World Economic Outlook Report he warns that a rapid Expansion of a new asset class "could create new vulnerabilities in the international financial system".
A group of researchers from the Princeton University, and Florida International University has warned that China will have enough Bitcoin Hashpower, in order not to endanger the integrity of the crypto-currency.
The British Juniper researchers Windsor Holden has asserted, moreover, that the crypto markets are on the verge of"". In its forecast Windsor on various factors, such as low transaction volumes and the failure of the crypto-currencies of the Brexit problems caused rally.
Robert Sluymer, technical strategist at Fund joined Global Advisors, has asked the investors, a reversal of the trend to be seen, before you invest money in Bitcoin.
let's see what the Charts predict.
BTC/USDBitcoin is still in no-man's land. Both moving averages have flattened and the RSI is also in the middle of the range. The attempt on 8. October to break out of the downward trend, was thwarted by the bears.
Today, the BTC/USD has shown some weakness, but purchases at lower levels the prices back to the moving averages.
The crypto-currency should win in case of an outbreak of momentum, and above the Overhead resistance of 6.831,99 $ close (UTC time frame). After a Phasemit low volatility, we expect that these increases after a breakout or a break-in. If the the cops are a breakout successful, could go to the rally on the first goal of the 7,400$, and up to 8.450 $.
On the other hand, is likely to break Bitcoin, if the bears succeed, the critical support zone of 5,900-6.075,04 $ to below. Therefore, traders should keep the stop for their Long positions at 5,900 $.
ETH/USDEthereum is still close to the center of the area between 200 to 250 $. There was neither the bulls nor the bears noticeable Attempts from the trading range break out.
the longer the ETH/USD-remains in this range, the stronger a breakout is likely to be out of it. It is difficult, the direction of the next turn to predict. Therefore, traders should wait until a breakout with a closing price over $ 250 (UTC time frame), before you respond again Long positions. If the bears make the price under 200$, however a re-Test of the lows.
XRP/USDRipple could not rise above the 20-day EMA, which is a negative sign. It has a low support at the 61.8 percent Fibonacci Retracement Level of 0,45832 $ under which there may be up to 0.4 $ and below.
The short-term moving average is flat and the RSI has fallen below the 50-level, which shows that there are short-term selling pressure. If the cops don't drive up the price quickly above the 20-day EMA, before a decline to the 50-day SMA.
The XRP/USD Pair should show signs of strength over 0,55$, and the upward trend could continue if the price remains above 0,625$. Traders should protect their positions with stop at 0,42 $.
BCH/USDBitcoin Cash is back on the slide, the increase of 9 averages decreased. October has continued.
Should push the bears to the price under the moving averages, a re-Test of the lows at 408,0182 $ probably. The BCH/USD Pair will be negative if it is below the lows of 11. September falls. Traders should keep a Stop Loss of $ 400 on their Long positions. On the other hand, the cops over 600 $ is likely to gain strength.
EOS/USDEOS tried on the 8. October, from the symmetrical triangle break out, but noticed in the last two days, no follow-up purchases. If the cops let the price on the triangle closing (UTC time frame), is the pattern target at 9 $ with low resistances at 6.3 $ 6,83 $. Traders can keep their stop on Long positions is at 4.9$.
the EOS/USD Should tend to Pair from the current levels down and under the moving averages are falling, it is an indication of sales at higher levels. A decline below 5.5 $ can put up to 4,493$.
XLM/USDThe cops were not able to drive Stellar about the overhead resistance of 0,24987525$. We now expect the bears to try the 20-day EMA, which served in the last seven days as the support, to below.
Below 0,235 $ can the. XLM/USD Pair on the 50-day SMA, and below these on 0,21489857 $. Any break of this support would allow the virtual currency to the critical lows of 0,184 $ sink. Therefore, traders should always protect your positions with stops at 0.21$.
To the top is likely to win the Pair of thickness, if the cops let the rate on the down line of the descending triangle to rise and hold it there.
LTC/USDLitecoin has traded in the last six days, close to the 58$. The moving averages are flat and the RSI is just below the center.
The LTC/USD Pair is consolidating since 8. August in a wide range of 49,466-$69,279 $. A breakout above the overhead resistance is likely to trigger a new upward trend, which should carry the prices quickly in the resistance zone of $90 -94$.
the digital currency is below this range, it is likely to resume its downward trend again and could then auf new lows for the Year falls. Therefore, traders should wait for the breakout from the trading range, before you enter into a Long Position.
ADA/USDCardano could not penetrate up to the overhead resistance at 0,094256 $, after on 8. October broke above the 50-day SMA. Currently, the prices are back to the moving averages returned. This shows a lack of buyers to higher rates.
The ADA/USD Pair remains in the range of 0,073531 $-0,094256 $. A breakout above the overhead resistance may lead to a movement to 0,11843$, and a break under this area to a re-Test of lows. Traders should wait for a new buy-has formed the Setup, before you enter into any Long positions.
XMR/USDtry The bears to push the rate below the 50-day SMA, and to bring Monero to the support 107,8 $. Both moving averages are flat and the RSI is slightly in the negative Zone, indicating a continuation of the sideways trading for a few more days.
A burglary under 107,8 $ could be a decline of up to 103 $ and including up to 96$. Traders should therefore raise the stops on the Long positions of up to 106 $ - lreduzieren we the risk. The XMR/USD Pair could rally up to 142$, if the bulls keep the price above the overhead resistance of 128,65$.
TRX/USDTRON was on 8. October is not about the overhead resistance at 0,02815521 $ close (UTC time frame), which led a few of them to profit. Currently, the price of the upper limit of the range has been withdrawn and is likely to be found in the 20-day EMA support.
The TRX/USD Pair is likely to as long as to consolidate, as it is in the range of 0,0183-0,02815521 $. A breakout from this range in the short term, a pattern target of 0.038 $. The support at the moving averages and below those at the lower end of the range. The Pair is likely to resume its downward trend again, if the bears push the price below the trading range and keep it there.
The market data are taken from HitBTC exchange market. The Charts provided by trading view.
